Zhejiang Vie Science & Technology to acquire Protean shares  [ China ]

On June 1, 2016, Zhejiang Vie Science & Technology Shares Co., Ltd. announced that it has agreed with Protean Holdings Corp. that it will acquire 10.36% of Protean shares for USD 20 million. Protean, based in Delaware, U.S., produces drive systems and wheel motors. In May 2016, it established a Chinese headquarters in Tianjin, which is scheduled to begin producing wheel motors in the third quar...